ENP Newswire -
Release date- 23052014 -
FIRST QUARTER 2014 HIGHLIGHTS:
Total revenue in the first quarter is
Net income and comprehensive income in the first quarter is
Earnings per share is
Total assets increased by 28% to
'I am pleased to report another strong quarter of growth as we begin 2014 on a solid footing' commented
Results of operations - three months ended
Net income in the first quarter ended
Interest and fee income for the first quarter ended
Interest expense for the first quarter ended
The total value of loan and mortgage investments originated in the first quarter ended
The Company's Management's Discussion & Analysis and Financial Statements as at and for the three months ended
About Terra Firma
Terra Firma is a full service, publicly traded real estate finance company that provides customized equity and debt solutions to the real estate industry. Our focus is to arrange and provide financing with flexible terms to property owners looking to improve or add to their existing real estate assets but who may be limited by conventional bank financing, as well as to invest in quality commercial and residential developments by proven real estate developers.
Terra Firma offers a full spectrum of real estate financing under the guidance of strict corporate governance, clarity and transparency. For further information please visit Terra Firma's website at www.tfcc.ca.
This Press Release contains forward looking statements with respect matters concerning the business, operations, strategy and financial performance of Terra Firma. These statements generally can be identified by use of forward looking word such as 'may', 'will', 'expects', 'estimates', 'anticipates', 'intends', 'believe' or 'could' or the negative thereof or similar variations. The future business, operations and performance of Terra Firma could differ materially from those expressed or implied by such statements.
Such forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward looking statements are based on a number of assumptions which may prove to be incorrect.
Additional, important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, local real estate conditions, competition, changes in government regulation, dependence on tenants' financial conditions, interest rates, the availability of equity and debt financing, environmental and tax related matters, and reliance on key personnel.
There can be no assurances that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The cautionary statements qualify all forward looking statements attributable to Terra Firma and persons acting on its behalf.
Unless otherwise stated, all forward looking statements speak only as of the date of this Press Release and Terra Firma has no obligation to update such statements except as required by law.
President and Chief Executive Officer
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